Athens-Clarke County, Athens Film Arts Institute, Inc.

Closing Date: June 29, 2018
On June 29, 2018, GCF provided a $250,000 loan to Athens Film Arts Institute, Inc. (AFAI) to assist in financing the acquisition of a commercial building located at 234 W. Hancock Avenue in downtown Athens. The building will continue to house an arthouse theater, Cine, and an upscale restaurant, The National. First American Bank & Trust was the senior lender.

Project Details

Loan Recipient
Athens Film Arts Institute, Inc.

Sub-Recipient
N/A

Project Cost
$2,000,000

GCF Loan Amount
$250,000

DD RLF Loan Amount, if any
N/A

Project Use
Acquisition
After
Foundation Project Impacts
299 New Downtown Businesses
1728 New Jobs Downtown
$147 Million in Private Investments
8 Cultural Facilities
288 Downtown Housing Units
157 Hotel Units Downtown
1,352,805 Redevelopment Floor Area sf
200,267 New Construction sf